What is e-RUPI and how does it work :

What is e- RUPI ?

Friends, on 2 August 2021, one more name will be added to the various systems of digital payment: e -RUPI, but in this cashless and contactless system, neither a bank account is required, nor any modern smartphone or mobile based platform or application. So, isn’t this technology any different? Let’s get some more information related to this digital payment ‘What is e-RUPI and how does it work’.

How does e-RUPI work?

e-RUPI has been developed by the National Payments Corporation of India (NPCI) in collaboration with the Department of Financial Services (DFS) and the Ministry of Health and the National Health Authority (NHA).

Unlike other existing digital payments, e-RUPI is a prepaid e-voucher based on QR-code or SMS string. This code or SMS will be sent to the beneficiary’s mobile. Being prepaid, there is no need for any intermediary and the system will be completely secure.

Benefits of e-RUPI. Benefits of e-RUPI ?

This is a revolutionary step for transparent payment to the beneficiary under government welfare schemes.

No digital interface is required to use e-RUPI.

 Where can e-RUPI be used :

Certainly, whether it is the medicines and nutrition related assistance provided under government public welfare schemes like maternal and child welfare schemes or the facility provided under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, beneficiaries everywhere will be able to benefit directly without any intermediary.

Along with this, the private sector can also make employee welfare payments in the form of e-vouchers if they want.

On the way, what is it and how does it work :

So friends, e-RUPI is a revolutionary step of India moving towards Digital India. It is hoped that it will get success in the goal for which it has been developed.

Hope you liked this brief information ‘What is it and how does e-RUPI work’. I will keep trying to bring such informative and interesting information for you in future too.  I request you that if you find my efforts meaningful, then please share this article on social media like Facebook, Twitter etc.